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enough to get a compromise and to get it through both houses. that remains a big question this afternoon, and -- and it doesn't seem like we've got a clear answer on really where that goes yet. >> all right. let's get out of the beltway for a second here, kate, because we've got a poll today showing 62% of americans now favor raising the debt ceiling one way or another, either with or without debt reduction. got a block of senate republicans accepting higher revenues, ie taxes, as part of tax reduction. are these holdout house republicans becoming more isolated, and are they begin to feel the heat to compromise here? >> reporter: it's hard to say. we've talked to some very conservative republicans about that, and they stand very firmly in their belief that they do not think this a tax increase should be part of any debt deal because they don't think that it's good for the economy, and they say many of them were elected in 2010 really basically on this point, that they need to get the country's fiscal house in order and not continue spending, spending, spending, that they should be reduci
been a big hit in london "evita" here had bad reviews. the mood changed. funny enough, i think that's an intriguing one because in the late '70s america was a little bit in denial about talking about anything political. i mean, you remember the time, after vietnam, and i remember writing the early days of the "evita" run we hit the -- at the same time of the russian invasion of afghanistan, which i don't think anybody really completely understood what was going on. for give me for talking about afghanistan. i've gone off on a tangent. >> another time. >> suddenly people started talking about politics again. they said, maybe paralleled with what we were trying to say there was an interesting subject. >> how much have the critics gotten to you over the years? >> i don't really care very much if i don't think the critics really understand music. >> somebody that you respect, what is the most hurtful kind of thing they could say that would really get to you? >> i guess somebody who i did respect as a musician said that the score was humdrum or something, then i would be sad if i believe
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
big development. this is the first member of the key negotiators in these debt talks has come out publicly to say he is on board. this coming from senate majority leader harry reid. the top democrat in the senate. a statement we just received from his office says senator reid has signed off on the debt ceiling agreement pending caucus approval. of course, pending caucus approval means pending -- getting the same sign-off from his fellow democrats. that, of course, leads me to believe he will probably be having a caucus meeting or at least some kind of conference call with his members at some point soon to discuss this with them. but this is a major development. because as we know, we were just talking yesterday, this is the same man who came back from a meeting at the white house with the president, seeming very pessimistic about the prospects of a deal. today we heard him speak cautiously optimistic as he said. now we have for the first time one of the key negotiators publicly coming out to say that he has signed on to these -- to the debt ceiling agreement. of course, we need to
find out about them. if you want to nominate someone you know who's making a big difference in your community or another community >>> tonight, washington in turmoil. >> we cannot borrow more money. we have to balance our budget. >> we're running out of time. it's time we get serious about finding a compromise. >> americans outraged. >> they can't seem to get it together and compromise. >> we have adults who have been elected to office, and yet they play worse than 3-year-olds. >> i'd fire them all. >> what would it take to get a deal done? i'll ask the white house and the republicans. plus, what this crisis is already costing you. and adam levine, rock star, maroon 5 front man. he's sold more than 15 million albums. he's conquered tv on his first season of "the voice." >> christina takes things to a whole new level, right? you can level with me. >> i can't on national television. >> but tonight his biggest challenge yet. i'm getting him to do something you've never, i mean never seen him do before. >> this is so dumb. i don't know why i can do it. >> that is incredible. >> the amaz
cloud over this economy at this vital time. >> how big a problem is the split in the republican party? and the reason i ask you that is that senator mccain has come out very strongly and angrily today lambasting those on the tea party side of the gop saying that their demands of balancing the budget and so on are completely fanciful. he calls them hobbits. clearly there's a split there amongst some republicans, but is that helpful or a hindrance to trying to get a deal here? >> look, i think the leaders have set terms that i think allow for a type of compromise. the thing the president's been talking most about, which is the importance of making sure that we do not keep the specter of default hanging over our economy narks tha we have a debt limit that's extended into 2013 so we provide some stoernt investors and job creators in our economy, that's something that virtually all of the democratic and republican leadership has called for during most of these negotiations. almost everybody wants some form of a down payment on deficit reduction. almost everybody believes we need to come ba
&p said they need to do to keep the credit rating at triple-a. >> how big of a concern is that? even with the plans the credit rating might still be downgraded? >> it's a very big risk, anderson. there's two different events here and it's hard to keep them separated from each other. the first is getting the debt sealing lifted. that's the critical negotiation under way now. even if we get it lifted, eric's right. standard & poor's is saying even if you get it lifted it's how much you're willing to cut the deficits that they will really judge the triple-a rating of the united states on and if it's something less than $3 to $4 trillion in real cuts they're going to lower the credit rating of the united states for the first time in our history. we've had it since 1917 we've been triple-a. there's a growing sense at top levels here in washington that the chances of a credit rating downgrade is becoming more than just a possibility but moving towards a probability. >> april, for those who haven't been following this as closely as everybody in washington and a lot of other folks have been
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event, with family and friends. it could be weeks before we know how the 27-year-old died. her big comeback last month didn't go so well. hln's dr. drew said that she needed more time outside of the spotlight to get her life together. >> what they need to do is drop out and not worry about their job. if many months or years before they return to something like touring for a musical performance. >> okay, let's talk quickly about the suspect in the norway killings, anders behring breivik. he reportedly admitted that he carried out friday rampage. he claimed that the attacks were necessary to combat the colonization of norway. he said that his son must be mentally ill. >> translator: i'll never have more contact with him. in my darkest moments. whether than killing those kids, he should have taken his own life. >>> now i'm going to put a monster sum on the money on the screen and i'm going to use the viewer discretion line. because the figure is shock ingly big. $130 billion. roughly the gross domestic product of new zealand. it's the amount of u.s. businesses will spend this year dur
higher. the ftse and the dax are both down. sony is reporting big losses. let's go to kyung lah, live in tokyo. good morning, kyung. >> reporter: good morning, ali. it's not just sony but it is a bad day in a lot of boardrooms and many of the electronics companies here in japan. we saw a lot of reporting of the quarter from april to june. sony posted a loss of 191 million u.s. dollars. panasonic, down 390 million. sharp down 630 million and nintendo says they lost in that quarter 327 million u.s. dollars. why? well, partially because of the march 11th earthquake. they are still trying to recover from the poor sales and the supply problems. the other theme we keep seeing over and over again from these electronics companies is the currency problem. the u.s. dollar is sinking. sinking very rapidly in these last six weeks. u.s. manufacturers, just like japanese manufacturers all operate on the u.s. dollar. and so when japanese manufacturers then have to repatriate these funds here, they lose if the dollar is sinking and the yen is rising. what is pushing the dollar down is all of that u.s
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
of some instruments that could -- showing, you know, trouble in the lending market. >> the big question is, will washington let that happen, and right now that answer is not any clearer than it was yesterday morning. we begin with breaking news, though. this titanic struggle that's continued to go on right now to end the debt crisis before next tuesday's deadline. here's a live look at the capitol where overnight, infighting among republicans forced house speaker john boehner to yank his debt bill. they thought there was going to be a vote last night. there is hope he will try to pass it again today. in four hours the speaker will again sit down with fellow republicans and again try to entice just a handful of hardline conservatives to fall in line. >> the bill's not perfect. i never said it was perfect. nobody in my caucus believes it's perfect. but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan way to send it to the senate where it can receive action. >> now the speaker's bill would cut $900 billion from the budget over ten years in exchange for a
. we saw this yesterday ahead of the briefing. pushing support for this gang of six plan and it's a big one, kiran. that would include $500 billion in immediate cuts and there would be tax increases approximately to the tune of $1 trillion and it would tackle intij entitlement reform. you're saying doesn't it sound like the grand bargain that president obama was pursuing with speak boehner and was a no-go on the impasse on tax increases? exactly right. this is a big plan and there is something in this plan, i think, for everyone to hate. for republicans insisting no tax increases even on the wealthy and for democrats who are very concerned about medicare cuts, even though the program solvency is threatened. >> brianna keilar, we are watching every single second of this debt deal of the negotiations. we will be talking a lot more in the next couple of hours, next couple of days. >>> minnesota congresswoman michele bachmann getting more attention on the campaign trail. another poll showing she is making inroads with gop voters? >> reporter: she sure is what the polls indicate. yesterday s
out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgraded. let's take a look at the numbers. instead of $2.
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
, indeed. they raised the stakes earlier on, making a big deal saying he no longer wanted to work with the white house, and yet we're hearing he's going to be at the white house tomorrow morning for more meatings. how is the white house iraqing to this? >> there's a lot of talk about the fact the president has put in repeated calls to speak eer boehner as the president tells it, in order to get a response. the white house made an outreach, an overture of the outline, and the president called speaker boehner's office first, and was told that speaker boehner wasn't available to talk to the president. this is not your stand protocol in president. you make yourself available to talk to the president or shortly thereafter. there is frustration about that expressed here, but there is still an openness and a willi willingness on both sides to negotiate because everybody wants to get the debt ceiling raised, and here, also, they say maybe this obama/boehner framework could be the deal in the end, so it's still not off the table from this perspective. >> you say there's a willingness on bo
. >> it was a pleasure. ♪ >>> good morning. we're at the top of the hour and good morning, new york. a big day for new york in particular. a lot of same-sex couples, this is the day they have been waiting for for years. a new law in effect today that allows same-sex couples to say "i do" on this sunday, july 24th. welcome to cnn sunday morning. i'm t.j. 40e78s. good morning, as always, to our men and women watching us now on the american network. we'll have plenty of coverage throughout the morning on what's happening in new york today. but we need to start with norway. the suspect in those horrific attacks says he did it and he did it all by himself. that's what police say they are hearing from the suspect in the norway massacre. a memorial you're seeing here and hearing is under way for the victims going on in norway. at least 92 people died in two attacks, but there's still some young people missing on utoyi island. the suspect, anders behring breivik is expected to be in court tomorrow for the first time. the attorney says his client described the attacks as horrible, but necessary. he says breivi
very quick. mitt romney is on top. coming in second is the big surprise, rick perry. he's coming in at number two, don. the gop horse race is big, big news right now. >> that's mark preston. we appreciate it. >>> for more "cnn newsroom" i'm joined by fredricka whitfield. when you say, fred, it's not going to be good. we have breaking news you'll be following and other stuffs. >> thanks so much. see you over the weekend as well. breaking news from studio 7. i'm fredricka whitfield in for suzanne malveaux. two explosions have rocked central oslo in the last hour wounding at least eight people. reports from norway say govrt buildings were targeted, one houses the prime minister's office and most of the windows were blown out. reuters reports a mangled car outside one building suggesting a possible car bomb. reuters reports the prime minister is safe. cnn is following the developments for you from london. what more do we know about how this happened and why? >> reporter: the information is still trickling in from oslo at this point. the police have issued a stam saying that there are
no sizable progress to report on moving forward on a big deficit reduction plan that includes massive spending cuts, tax reform and entitlement reform, tax increases. so you can see here the clock is ticking and the end game here still very unclear. >> this thing just keeps on developing and you hear hopefulness and then schedules. you will keep us posted when you hear there's actually some kind of timeline we have to figure out whether we are going to have money to pay our bills on august 3rd or not. >> after two days of explosive hearings in the uk phone hacking scandal, relatives of 9/11 victims in the u.s. are now saying they will be meeting with attorney general eric holder soon. they asked for the meeting one-on-one since the fbi started investigating allegations that "news of the world" hacked the phones of survivors, victims and their families. the meeting has yet yet been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at lea
a big influencer here, so has -- so have the pledges to not increase taxes by americans for tax reform. what's your sense of what this does for any future discussions about spending, budget cuts, tax increases or stimulus? >> well, here's what i think the administration would say right now, ali. we don't know all of the details right now. if the deal includes a promise that we're going to get expedited action on a tax reform package, which would have to include something like an 800 billion to a trillion dollar revenue increase as part of it, doing lower rates or broadening the base but with revenues, the sort of thing the speaker, john boehner and president were talking about. it may not be quite as bad a deal for the president. what the white house is saying, we have a stop gap here. if they don't want to increase revenues by the end of 2012, barack obama is still the president and he vetoes the repeal of the bush tax cuts so they end up with a worse situation. now, that's -- the best case that you can make perhaps with this kind of deal but not over with yet. at the same time, whate
. and i guess, obviously, because it's a country of immigrants, it becomes this big thing. but from your perspective, what would you do? how would you fix things? >> that's a loaded question. it's a big question too. and i think there's so much misinformation out there, and i will immediately disclaim that i am not the expert in this field. although i am pretty literate. i'm pretty literate in this particular issue, because of people that are in my life and my mentors and people that i surround myself, because i really want to understand what the problem is. latinos in america are american and i think we forget that we're trying to categorize every mexican or every mexican american as illegal or undocumented and that's just not true. nobody wants illegal immigration. you know, what happened in arizona, i think, created a dialogue that we needed to have. and for immigration, it's been on the administration -- on the agenda for the past three administrations. so people like to blame obama and they're going to blame a lot of people for it -- >> well, there's this huge expectation with obama
of times on the saturday and sunday morning sessions when there is something big going on. you want the principals to get in the room and figure out how they will work this out. you want reid or his representative or mcconnell or his representatives. somebody from the white house to get into a room and talk this thing over and figure out what they will do in the next 48 hours going forward. that is the most important thing. our people will comb the capitol to figure out what the meetings are going on. >> good luck with that. we know about the two proposals by reid and boehner. folks on capitol hill said they are not too far apart. >> no. they are not too far apart. there is tricky stuff in there. one of the things that makes reid different from boehner is reid's plan considers cost savings as the winding down of the iraq and afghanistan wars. that is $1 trillion of difference. the boehner plan doesn't consider the winding down of the afghanistan and iraq wars. another thing that is in there that is very different from the democrat and republican ideas is boehner has this balanced bu
states and these other 18 countries have aaa ratings. the u.s. is the big safe haven in the world. so why do these credit agencies matter? who listens to them? investors around the world listen to them. they look at the credit rating agencies and the credit rating of companies and countries to decide where they'll invest the money. for governments, they have a lot of power over the interest rates on the bonds that they can sell to investors. the safest bets pay the lowest interest. that and 's what you want if yoa government trying to raise money. agencies are either paid by the borrower or from subscribers who need the information. standard & poor's tells cnn money that the sovereign u.s. rating is unsolicited, that the u.s. government doesn't pay anything for that rating. and that it is an unbiased ass isment of what's p happhappenin the u.s. >>> here's a rundown some of the stories we're covering. wall street employees are canceling vacations with the debt ceiling deadline just six days away. is that a bad omen for your 401(k)? and i talked to a man who developed a rare tumor after wor
earth there. and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as other members
? >> reporter: i think it's a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, we're still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now they're not there yet saying the agreement is not done and that they're still working on it. so it seems that while harry reid, he's onboard. seems at least for the part of senate republicans, seems there needs to be a little more work to be done before -- to get them onboard as well. >> okay. a little more work. do you have any idea about the timing? or we just don't know? it happens when it happens? >> to be honest, i don't think anyone really knows about the timing. this story has changed from moment to moment. it's very fluid. it's always the question, i promise you, it's the question that we've been asking ev
to that. what i was thinking about today, in one sense, no. it doesn't matter which plan. a big investor think both plans are really band-aid plans and none of them deal significantly with what i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentle
for joining us. if we don't get a deal out of washington before the big bad debt ceiling deadline, one of the guys you can blame or thank, depending on how you see it, is congressman joe walsh, a republican from illinois. he's one of those freshmen who rode the tea party wave into washington last fall. we mentioned them a moment ago. he spoke out against a compromise at a tea party rally in washington earlier today. listen. >> i'm a freshman. maybe i'm naive. but i don't think unless we force -- unless we force republicans and democrats to balance their books every year, they won't. the only way we can do that is to force them. the only way we can force them is to put a balanced budget amendment in the constitution. we have to do that. we can't yield. >> and congressman walsh joins me now live from capitol hill. congressman, welcome back to the show here. listen, you know what i'm hearing more than anything around d.c., people are saying about you and some of the other people who are really holding the hard line here, don't these guys know how to take a win? because the feeling is that
just last hour on capitol hill. not only do the two sides have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and
. but they seem to be quite optimistic they're moving towards something and a big endorsement, this earlier today from the top negotiator democrat in the senate, harry reid. a lot of moving parts. trying to get a hold on t. and talk about republicans. do we know where they stand on the approval of this deal? >> reporter: yeah. that is a big question, because the house republicans, you saw just how hard it was for the house republican leadership to get their own bill through the house, and to get their own members onboard for this deal. talking about a compromise, you can only guess that might be even a tougher sale, possibly. we haven't heard yet from house speaker john boehner or house leadership and where they stand on things. we know, though, however, we are told by a top senate republican leadership aide that they're not there yet and still working. so it seems like they're still working on the deal. clearly, not at a place harry reid is at this point and that's a big question of where are republicans going to stand on this? are they going to endorse it and what their issues are with it. don?
us the big picture. >> reporter: what's happening now is democrats are waiting. they're just waiting to see what happens with the republican's bill before making their own move in the senate. the big picture here is neither the republican's bill in the house nor the democrats' bill in the senate seems to have the votes to get through both houses of congress. so we're back at stalemate. >> and so it's wednesday and there's no deal. the ted line is tuesday of next week. if congress can't get it done by then, you could start to see higher interest rates, a declining dollar and other problems. the white house website has put up a chart that breaks down the u.s. debt by administration over the last ten years. i was just looking at it. more than $3.5 trillion because of changes to the economy, not policy changes, but less tax income and things like that. the two wars, tax cuts, t.a.r.p., the so-called bank bailout, the stimulus is all listed there. worth checking out if you have some time. don't worry, it's safe for work. we do love our charts. >>> a federal granld jury in alabama indicted
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. if they manage to defeat this vote today, this is going to be a big, big problem for markets. if they don't, you may see markets continue to tread water until there is a solution to this. now, remember, speaker boehner's plan is not likely one that is going to pass the senate. not likely one that is going to get past the president. the bottom line if there is some sense boehner has better control of h over hi members you may see markets allowing a little bit more time. right now markets are largely relaxing but ready to move if this doesn't go the right way. >> thanks, guys. >>> at the bottom of the hour, we will go to wall street for the opening bell and answer a question many of us have right now -- should we take our money out of the stock exchange and where do we put it if so. we will talk to a financial analyst about that. >>> cnn obtained dramatic new video taken minutes after the bombing of the government buildings in norway. it was shot by a hamburg who works in oslo and driving through a tunnel beneath the city's government plaza when the bomb went off. eight people killed. he recorded
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
be wind after the desert in africa and turns into something monstrous. we don't know really how big this might become. we know there's a fairly good chance this cluster of storms you have on the map might become a named storm. emily would be the next one. don was a bit of a dud. maybe emily will but you never know, this might be something it could be, maybe the best next to katrina. you never know. these storms form and veer off to the north and usually avoid much of the islands in some of the east coast. there's always the scenario we could see this take a trajectory, make affect the leeward or windward islands. there's also the chance it could thread the needle, go into the gulf of mexico. everything bears watching and that's what we're going to do with this particular system, again, as we speak, it is about 100% chance, the national hurricane center believes, 100% chance this will become a named storm. meanwhile in terms of storms, we might see plenty of them in parts of the northern plains today. all the components are there, the high humidity, with that we also have a lot of he
caddie, is talking, and he's not happy. >>> also, a big las vegas headliner joining dozens of vegas showgirls to protest what some of the biggest hotels on the strip are charging guests. >>> you're watching "american morning." it's 14 minutes past the hour. [ female announcer ] the healing power of touch can be even more powerful, with precise pain relieving cream. it blocks pain signals fast for relief precisely where you need it most. precise. only from the makers of tylenol. ♪ let me make you smile ♪ let me do a few tricks ♪ some old and then some new tricks ♪ ♪ i'm very versatile ♪ so let me entertain you ♪ and we'll have a real good time ♪ [ male announcer ] with beats audio and flash, you can experience richer music and download movies straight to the new hp touchpad with webos. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone
is under -- is protecting him? it was, you know, one big family living in the projects like this. >> john shea, now a changed man, once ran bulger's multimillion dollar operation. he served 12 years in prison rather than break southie's code of silence. >> whitey being a rat? stevie being a rat? and this is what i took an oath to? an oath of honor. it was heartbreaking. >> documents show fbi agent connelly continued to feed bulger secret information, at times with deadly results. >> bulger got charged with a crime, he could no longer be an informant. >> attorney bill christie represents families of several of bulger's alleged victims, including the family of billy halloran, a drug dealer who cut a deal with the fbi, only to be gunned down as he left a popular boston restaurant. according to testimony at a civil trial, fbi agent connelly told bulger where to find halloran. >> bulger cornered him and shot him 22 times, starting from the leg up to his torso, up to his chest. 22 times with no head shot. so he inflicted as much pain as he could, and also did it in a fashion to make sure that h
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
. the big question, whether or not boehner can sway enough republicans to push that bill through. when he arrived this morning, he seemed like he was ready for anything. >> zipadoda day. >>> we're watching wall street after the dow fell almost 200 points yesterday. stocks have been up and down today. investors saw first time claims for unemployment drop below 400,000, but they're still anxious over the debt standoff. right now the dow jones is up 29 points. ground zero workers are furious over a decision by the government not to cover cancer treatment for responders who got sick after 9/11. last night at a town hall in new york, from us at a tiustrated cs sounded off about what happened to them after the dust settled. >> i want to show you something. sometimes i have to eat through this tube because the muscles in my neck don't work to swallow. i breathe and talk through this tube. and i'm the lucky one. >> a public appearance today by the hotel maid who accuses dominique strauss-kahn of sexual assault. ded dialnafissatou diallo will visi christian center for thank her her supporters. pro
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
political update in the next hour. go to >>> japan not a big soccer country. its women's world cup win is huge and happy news there today. their team out-shot the u.s. yesterday. and zain verjee was there, still is there live in frank further. i know we were rooting for the u.s., zain. that was very important to us, but, hey, it couldn't happen to a better team. they needed this for morale. that is for sure. >> reporter: they really did, you know. japan came into this tournament as the big underdogs. nobody expected them to even get to the finals, let alone beat the u.s. they also knocked out sweden. they knocked out germany and it was just absolutely incredible. when they started the match, everyone was saying they have more skill, better possession of the ball, know how to control and pass it. the americans really did a good job, too. it seems the japanese were a little nervous to start off with. the u.s. had possession. they were aggressive. they came hard out of the gate. they were very unlucky. they had a lot of opportunities and just kept missing. just the mistake
a deal, it starts to weaken the white house i guess. >> reporter: a big deal of deficit reduction obviously is feeling very elusive and chances of doing something like that seem to be very slim at this point. in terms of the debt ceiling, they are very much relying on a plan being worked out by senators reed and mcconnell, top democrat and republican in the senate, to move something forward so the senate can take a lead and the house can then follow suit maybe making some changes. i think right now that's the best hope. i do want to tell you looking at the president's schedule today, it's mighty bare. his normal presidential briefing and meetings with senior advisers but certainly there's a lot of room built in there for any sort of communication he needs to do with congress. >> right. there was talk they are working through the weekend so they are doing everything possible to come to an agreement. >> over night too. >> u.s. and libya hosting secret face to face talks since the libyan conflict began four months ago. the point of the weekend meeting was to send a clear message to m
against dominique strauss-kahn. cnn has learned there is a big meeting this morning at the manhattan d.a.'s office. are the charges against the former imf chief about to be thrown out? >>> and the media demanding to know the identity of every juror in the casey anthony trial. the judge has to comply. why don't we have the names? >> can we get help here? how the guy got stuck head first in a sewer. 14 minutes past the hour. [ male announcer ] you have dreams for your children. don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. backed by the highest possible ratings for financial strength. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. like new splenda® essentials™ no calorie sweeteners. this bowl of strawberries is l
to this remote area. we left the big city heading for the crown jewel of costa rica's parks system. we're here in the center of a small little gold mining town. it is also the gateway into a national park. in order to get in there you've got to hike for a couple days or you can do what we're doing and we're taking the aero taxi. this is the shortest landing strip in all of costa rica. they literally clear-cut the rain forest. if we don't make it, the plane goes into the ocean. we packed up all of our gear and our guide into a tiny single engine plane and held on tight. we're flying over. this is one of the most biologically intense places on earth. that had to be the coolest landing. home to the largest and only primary low-land rain forest in the world, 140 different animal species, many endangered. professor eduardo of the national university of koes tas rick ca is a top expert in jungle ecology and is one hell of a guide. >> he said an ocelot just passed through the trail. in just 24 hours, we saw more than most park visitors see in a week. rugged, remote, stunningly beautiful inside the fo
they are discussing in the oval office right now. we are told -- i do not -- at this time, expect any big statement oust white house or any big announcement. as we've seen these last few days anything can change at any moment. so i will keep you posted if it does, don. >> i think it's going to be a long evening for all of us. because if they come out and say something, of course, we'll bring it to you right here on cnn. and, listen, we have to say this, jessica, before we move on. the president and the leaders in washington said they wanted to get this fixed or at least some sort of agreement in the works before the asian and european markets opened tomorrow, and that's just in a few hours. >> reporter: that is correct. and, you know, as i sit there making calls trying to find out exactly what movement is happening in washington i'm also checking the s&p futures and the markets around the world, because there's already a lot of people in this town worried and seeing how things are moving. there is a lot of anxiety that the markets are already reacting, because this has a ripple effect on every amer
small town girls she had dreams of bright lights and big cities. but what she found was that the reality when she got there is it wasn't nearly as glamorous as she envisioned. when she couldn't pay the rent, she found work with an escort agency. money paid the bills but ultimately made her life harder. after only a short time as an escort her family says she had an arrest record and a drug habit. i watched and you guys were very close. were you close like shannon like that as well? >> yeah. if one of us were missing i'm sure my sister now would do the same thing we're doing to try to find her. >> the family kept urging the police search to please take the dogs. it was about to get cold. >> reporter: when police finally took search dogs out to look for shannon gilbert months after she disappear disappeared, they made a shocking discovery. >> we were called out on saturday to follow up on an investigation on a missing person. i saw the skeletal remains of a body. >> reporter: over the next couple of days, police would find three more sets of remains. >>> coming up -- the search for shannon
stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >>> let's go live to washington. it's the house whip speaking right now. congressman steny hoyer of maryland here. now keep in mind five days remaining to a potential default of the treasury. the house of representatives just begun the debate there over this legislation to raise the debt ceiling. now this is the plan today put forth by the speaker of the house john boehner, and at last report boehner continues to twist arms among his own republicans to win enough vote to pass this thing. let's bring in joe johns here in washington. joe, let's just both listen to speaker boehner. this is when he spoke just a short time ago. >> the bill is not perfect. i've never said it was perfect. nobody in my caucus believes it's perfect, but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan w
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